Mt. Gox confirms multiple transactions today were intended to prepare repayments before the October 31 creditor repayment deadline
Mt. Gox said in the letter: "In accordance with the reorganization plan, the reorganization trustee is preparing to repay the portion of the reorganization claims distributed in the form of cryptocurrency.
This repayment method means that the reorganization creditors can choose to (i) receive Bitcoin and Bitcoin Cash (BCH) through designated cryptocurrency exchanges, etc., to receive on behalf of the reorganization creditors, or (ii) repay through the proceeds of the sale of Bitcoin and BCH. Recently, the reorganization trustee has received inquiries/deep concerns about the status of managing Bitcoin and Bitcoin Cash (BCH).
However, at present, the reorganization trustee has neither repaid through the designated cryptocurrency exchanges, etc. mentioned above (i) nor sold Bitcoin and Bitcoin Cash to make the repayment mentioned above (ii). The reorganization trustee is currently managing Bitcoin and Bitcoin Cash in a safe manner. As the reorganization trustee is preparing for the above repayment, please wait for a period of time until the repayment is made."
